Euronav NV Sold

By on June 22, 2020

Euronav YTD ChartOn June 12, 2020 large shipping concern Euronav NV (EURN) was sold at $9.90. I sold EURN to avoid paying the 30% Belgium withholding tax on the June dividend since the SMA Portfolio is an IRA. As of June 22nd I haven’t decided where to reinvest the proceeds.

Due to being on vacation I haven’t updated the portfolio in a couple of weeks.

Disclaimer: It is very challenging to outperform a buy and hold strategy. Historically, investors have found themselves well-served over the long-term by investing regularly in a diversified portfolio of stocks or low cost, broadly diversified indexed stock funds. Profitable trades are not guaranteed. No system or methodology ensures stock market profits. All investors are advised to conduct their own independent research into individual stocks, closed-end funds, mutual funds, and exchange traded funds or any other investment vehicle before making a purchase decision. In addition, investors are advised that past performance has demonstrated no relation to future performance. Although accuracy is strived for, no guarantee is made regarding the accuracy of data presented.

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